Calls Purchased on MIPS Technologies

Shares of MIPS Technologies MIPS are higher on the session by 8.61%, currently trading at $7.44. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the August 2011 $8.00 call traded 950 times on open interest of 234 contracts. Overall call volume is now running at 2.64x the daily average with 80% of all calls traded being purchases on the offer. MIPS Technologies, Inc. is a provider of processor architectures and cores that power some of the home entertainment, communications, networking and portable multimedia products.